Civic Intelligence

Shepherd University Foundation Supporting Organization

990 • Fiscal year 2017 • EIN 81-1054787

Jul 01, 2016 to Jun 30, 2017 • Filed on Oct 23, 2017

Organization Profile
PO Box 5000Shepherdstown, WV 25443

(304) 876-5391

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

93rd percentile

1.02x

Higher debt load relative to assets than 93% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

526.71x

Higher debt load relative to revenue than 100% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

1st percentile

-696%

Higher net margin than 1% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$147,121

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 312.0% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

50th percentile

4.4%

Faster asset growth than 50% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$24,466,419

Up $1,038,766 (+4.4%) from 2016

Net Assets

Down

-$373,799

Down $328,330 (-722%) from 2016

Liabilities

Up

$24,840,218

Up $1,367,096 (+5.8%) from 2016

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Up

$47,161

Up $47,161 from 2016

Expenses

Up

$375,491

Up $330,022 (+726%) from 2016

Net Income

Down

-$328,330

Down $282,861 (-622%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0-$10MAssets 2016: $23,427,653Liabilities 2016: $23,473,122Net Assets 2016: -$45,4692016Assets 2017: $24,466,419Liabilities 2017: $24,840,218Net Assets 2017: -$373,7992017Assets 2018: $21,585,258Liabilities 2018: $22,767,816Net Assets 2018: -$1,182,5582018Assets 2019: $20,432,662Liabilities 2019: $21,854,787Net Assets 2019: -$1,422,1252019Assets 2020: $19,743,600Liabilities 2020: $21,467,673Net Assets 2020: -$1,724,0732020Assets 2021: $18,839,222Liabilities 2021: $21,085,100Net Assets 2021: -$2,245,8782021Assets 2022: $18,727,712Liabilities 2022: $21,644,709Net Assets 2022: -$2,916,9972022Assets 2023: $18,211,263Liabilities 2023: $21,402,960Net Assets 2023: -$3,191,6972023Assets 2024: $17,529,671Liabilities 2024: $20,707,983Net Assets 2024: -$3,178,3122024Assets 2025: $17,180,822Liabilities 2025: $20,293,237Net Assets 2025: -$3,112,4152025

Highlighted filing

2017

Assets$24,466,419
Liabilities$24,840,218
Net Assets-$373,799
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $0Expenses 2016: $45,469Net Income 2016: -$45,4692016Revenue 2017: $47,161Expenses 2017: $375,491Net Income 2017: -$328,3302017Revenue 2018: $1,864,057Expenses 2018: $2,672,816Net Income 2018: -$808,7592018Revenue 2019: $1,932,408Expenses 2019: $2,171,975Net Income 2019: -$239,5672019Revenue 2020: $1,477,432Expenses 2020: $1,779,380Net Income 2020: -$301,9482020Revenue 2021: $1,332,345Expenses 2021: $1,854,150Net Income 2021: -$521,8052021Revenue 2022: $1,761,060Expenses 2022: $2,432,179Net Income 2022: -$671,1192022Revenue 2023: $1,874,022Expenses 2023: $2,148,722Net Income 2023: -$274,7002023Revenue 2024: $1,927,763Expenses 2024: $1,914,378Net Income 2024: $13,3852024Revenue 2025: $1,833,048Expenses 2025: $1,767,151Net Income 2025: $65,8972025

Highlighted filing

2017

Revenue$47,161
Expenses$375,491
Net Income-$328,330
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Oct 23, 2017
Return Version
2016v3.0
Gross Receipts
$47,161
Mission and Program Overview

Mission

The organization is intended to be a type i supporting organization for the benefit of, and controlled by, shepherd university foundation, inc. Which is a publicly supported organization. The specific objectives are to solicit, collect, and otherwise raise money, to expend, disburse, and dispose of the same, and to do any and all things necessary or incidental for the purpose of accomplishing the purposes and mission of shepherd university foundation, inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,858,523--
Savings and Temporary Cash Investments-$5,539,348-
Total Assets$23,427,653$24,466,419▲ $1,038,766
Other Assets Total$2,569,130$18,927,071▲ $16,357,941
Liabilities
Mortgage Notes Payable Secured by Investment Property$22,385,000$22,176,789▼ $208,211
Accounts Payable and Accrued Expenses$1,088,122$2,663,429▲ $1,575,307
Total Liabilities$23,473,122$24,840,218▲ $1,367,096
Net Assets / Fund Balance
Unrestricted Net Assets$-45,469$-373,799▼ $328,330
Total Net Assets Fund Balance$-45,469$-373,799▼ $328,330
Total Liabilities and Net Assets / Fund Balance$23,427,653$24,466,419▲ $1,038,766

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$18,927,071--
Compensation and Service Providers
Top Officer Pay40th percentile

Employees

NameTitleOtherTotal
Monica W LingenfelterExecutive Vi$147,121$147,121

Board Members and Trustees

NameTitle
Michael a SmithPresident
Dr Jason BestDirector
Karl L WolfDirector
Allen L LueckSecretary
Julia M ConnellTreasurer
Christopher S ColbertVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$47,161
Other Revenue
$0
Change in Net Assets
$-328,330
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$375,491
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$359,367--$359,367
Fees for Services Accounting-$10,803-$10,803
Insurance-$4,964-$4,964
Office Expenses-$207-$207
Other Expenses-$150-$150
Total Functional Expenses$359,367$16,124$0$375,491
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The form 990 is reviewed and signed by the executive vice president of shepherd university foundation, inc., the supported organization. The form 990 is then distributed to the board of directors before the return is filed. The public disclosure copy is kept on file in the shepherd university foundation offices.”

Form 990, Page 6, Part VI, Line 12C

“The organization follows the same guidelines for conflicts of interest as its supported organization, shepherd university foundation, inc.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Shepherd University Foundation
EIN
81-1054787
Phone
3048765391
Address
PO BOX 5000, SHEPHERDSTOWN, WV 25443

Signing Officer

Name
Monica W Lingenfelter
Title
Executive Vice Pres.
Phone
3048765391
Signed
2017-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Monica W Lingenfelter
Formed
2016
Legal Domicile
Wv
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
Smith Elliott Kearns & Company LLC
Address
480 N POTOMAC ST, HAGERSTOWN, MD 21740
Preparer
William F Fritts Ii CPA
Phone
3017335020
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization is intended to be a type i supporting organization for the benefit of, and controlled by, shepherd university foundation, inc. Which is a publicly supported organization. The specific objectives are to solicit, collect, and otherwise raise money, to expend, disburse, and dispose of the same, and to do any and all things necessary or incidental for the purpose of accomplishing the purposes and mission of shepherd university foundation, inc.”

Financial Statement Notes

Schedule D, Page 3, Part X

“The internal revenue service has determined that the shepherd university foundation, inc. And shepherd university foundation supporting organization are organizations described in section 501(c)(3) of the internal revenue code and are therefore exempt from federal income tax. The foundation follows generally accepted accounting principles, which provides guidance on accounting for uncertainty in income taxes recognized in an organization's financial statements. The foundation's policy is to charge penalties and interest to income tax expense as incurred. The foundation's federal and state income tax returns are subject to examination by the internal revenue service and state tax authorities, generally for a period of three years after the returns are filed.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE SHEPHERD UNIVERSITY FOUNDATION, INC. AND SHEPHERD UNIVERSITY FOUNDATION SUPPORTING ORGANIZATION ARE ORGANIZATIONS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND ARE THEREFORE EXEMPT FROM FEDERAL INCOME TAX. THE FOUNDATION FOLLOWS GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WHICH PROVIDES GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ORGANIZATION'S FINANCIAL STATEMENTS. THE FOUNDATION'S POLICY IS TO CHARGE PENALTIES AND INTEREST TO INCOME TAX EXPENSE AS INCURRED. THE FOUNDATION'S FEDERAL AND STATE INCOME TAX RETURNS ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND STATE TAX AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THE RETURNS ARE FILED.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS INTENDED TO BE A TYPE I SUPPORTING ORGANIZATION FOR THE BENEFIT OF, AND CONTROLLED BY, SHEPHERD UNIVERSITY FOUNDATION, INC. WHICH IS A PUBLICLY SUPPORTED ORGANIZATION. THE SPECIFIC OBJECTIVES ARE TO SOLICIT, COLLECT, AND OTHERWISE RAISE MONEY, TO EXPEND, DISBURSE, AND DISPOSE OF THE SAME, AND TO DO ANY AND ALL THINGS NECESSARY OR INCIDENTAL FOR THE PURPOSE OF ACCOMPLISHING THE PURPOSES AND MISSION OF SHEPHERD UNIVERSITY FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED AND SIGNED BY THE EXECUTIVE VICE PRESIDENT OF SHEPHERD UNIVERSITY FOUNDATION, INC., THE SUPPORTED ORGANIZATION. THE FORM 990 IS THEN DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE THE RETURN IS FILED. THE PUBLIC DISCLOSURE COPY IS KEPT ON FILE IN THE SHEPHERD UNIVERSITY FOUNDATION OFFICES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION FOLLOWS THE SAME GUIDELINES FOR CONFLICTS OF INTEREST AS ITS SUPPORTED ORGANIZATION, SHEPHERD UNIVERSITY FOUNDATION, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0556020064
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0UNIVERSITY
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0PO BOX 5000
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0SHEPHERDSTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WV
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IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt024466419
IRS990/TotalAssetsGrp/BOYAmt023427653
IRS990/TotalAssetsGrp/EOYAmt024466419
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt016124
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0359367
IRS990/TotalFunctionalExpensesGrp/TotalAmt0375491
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt023473122
IRS990/TotalLiabilitiesEOYAmt024840218
IRS990/TotalLiabilitiesGrp/BOYAmt023473122
IRS990/TotalLiabilitiesGrp/EOYAmt024840218
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-373799
IRS990/TotalOtherCompensationAmt08439
IRS990/TotalProgramServiceExpensesAmt0359367
IRS990/TotalRevenueGrp/ExclusionAmt047161
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt047161
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt023427653
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt024466419
IRS990/TotReportableCompRltdOrgAmt0138682
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-45469
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-373799
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 5000
IRS990/USAddress/CityNm0SHEPHERDSTOWN
IRS990/USAddress/StateAbbreviationCd0WV
IRS990/USAddress/ZIPCd025443
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MONICA W LINGENFELTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE VICE PRES.
ReturnHeader/BusinessOfficerGrp/PhoneNum03048765391
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SHEPHERD UNIVERSITY FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0SUPPORTING ORGANIZATION
ReturnHeader/Filer/BusinessNameControlTxt0SHEP
ReturnHeader/Filer/EIN0811054787
ReturnHeader/Filer/PhoneNum03048765391
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 5000
ReturnHeader/Filer/USAddress/CityNm0SHEPHERDSTOWN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0WV
ReturnHeader/Filer/USAddress/ZIPCd025443
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0081E2B4EA748E9805374A5A2B93D29B44116E905
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D5D70B8B0EFB409D4D4AE5283BD76078BF919D50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0520783935
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH ELLIOTT KEARNS & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0480 N POTOMAC ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HAGERSTOWN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021740
ReturnHeader/PreparerPersonGrp/PhoneNum03017335020
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM F FRITTS II CPA
ReturnHeader/ReturnTs02017-10-30T11:58:02-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,466,419
Liabilities
$24,840,218
Net assets
-$373,799
Revenue
$47,161
Expenses
$375,491
Net income
-$328,330
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$17.2$20.3$3.11$1.83$1.77$0.07
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.5$20.7$3.18$1.93$1.91$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.2$21.4$3.19$1.87$2.15$0.27
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.7$21.6$2.92$1.76$2.43$0.67
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.8$21.1$2.25$1.33$1.85$0.52
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$19.7$21.5$1.72$1.48$1.78$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$20.4$21.9$1.42$1.93$2.17$0.24
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$21.6$22.8$1.18$1.86$2.67$0.81
2017Detailed filing. Detailed filing data is available for this year.$24.5$24.8$0.37$0.05$0.38$0.33
2016Summary only. Only limited summary data is available for this year.$23.4$23.5$0.05$0.00$0.05$0.05